President-elect Donald Trump's short list for secretary of state has grown, with former Ford CEO Alan Mulally now under consideration for the job as the nation's top diplomat, a top adviser said today.

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President-elect Donald Trump's short list for secretary of state has grown, with former Ford CEO Alan Mulally now under consideration for the job as the nation's top diplomat, a top adviser said today.

Daimler will become the biggest and most profitable luxury carmaker this year, CEO Dieter Zetsche said. Achieving the target would put Mercedes back on top for the first time since 2005 when it lost the sales crown to BMW.

Nissan, the Japanese automaker that's become symbolic of what it means to be a truly global manufacturer, has a simple plan to navigate an unprecedented level of uncertainty around policy and regulation: focus on what's in its control.

Trade groups representing nearly all automakers in the U.S. market have now asked the EPA to refrain from finalizing a rule to slash tailpipe greenhouse gas emissions through 2025 until after President Barack Obama leaves office.

President-elect Donald Trump will pick an ardent opponent of President Barack Obama's measures to stem climate change to head the Environmental Protection Agency, a Trump transition team source told Reuters today.

Volvo named Henrik Green its new head of r&d, giving the Swedish executive his fourth promotion in three years. Green replaces Peter Mertens, who is moving to Audi to head technical development at the VW Group luxury brand.

German supplier Knorr-Bremse has won the first stage of its battle to take over Sweden's Haldex by obtaining 86.1 percent of the brake systems company's shares before its offer expired Monday. Knorr's offer is still conditional upon the company obtaining clearance from antitrust regulators.

Renault-Nissan named veteran executive Philippe Brunet to replace the top executive in charge of engines and transmissions. The change comes as tightening emissions regulations expose the slow pace of integration between the powertrain divisions of the alliance partners.